@Sorinth You are right, I was calculating on my net worth instead of investments. I know better now thanks to you guys :)
I will max out my TFSA as soon as I'm done with my homeworks of figuring out questrade. It should be in a a couple of days.
I love the idea of splitting my GF's 50K. I think she'll be more secure this way and it won't be sleeping anymore. Then, she'll know how to invest more later on.
Yes, hydro is insane... I just doublechecked on the hydroquebec website to estimate the amount since I'm pretty sure I added all my hydro expenses :
Facture annuelle estimée
3 100 $ (taxes incluses)
Environ 32590 kWh par année
So yeah, I was right, lol. The reason is mostly that my house is ENORMOUS... (and I really don't need it to be)
If you try the fido trick, my friend told me it works better if you go at costco instead of fido. The reason is fido only makes this plan available if you have another service with them. However, costco doesn't care and will give you the plan anyway. I looked really fast last now and it's 15$/3GB now. (seems to be a promotion)
But like I said before, I never tried this so I'm just sharing information.
@gerardc I did get to 800K for a couple of reasons. The main reason is that I started working fulltime (40hrs/week) at 16 years old while still in high school. (minimum wage 7$/hour at the time) At 18, I changed job and continue fulltime with college (11$/hour). I started my "real" job when I was 20 and I'm there ever since. I started with a salary much lower but like I said, I"m a workaholic so I tend to work many many hours. This has some side effects.
1- More overtime work so bigger salary (sometimes x2)
2- No free time to spend anything. All I was doing was working and sleeping (and putting all the $ on the mortgage)
I'm not saying it's a good way to live life but I'm an excessive person... When I start something, I'm all IN. The way I see it now is I invested in my future while having fun at work.
I still love my job but I try to limit the hours now and have more social life. However, it's really hard for me since I've been crazy busy since I was 16yrs old.
(quick story on that. The first week I decided to work 40 hours only, I got so bored that I started uber driving... It was super fun but I stopped 1 week after realizing I did not work less hours to replace them with uber)
It's still a struggle but I'm getting there :)
Also, another big factor of the 800K net worth was house appreciation. I bought it at 20yrs old when the market was booming but not crazy expensive as today. My house value doubled so that helped too !
(Sorry for the long life story but was needed in order to understand how I got there)
Haha, yes. I'm not perfectly bilingual. Ok, one more life story. I did not speak english in high schoool. I knew a few words like toaster and muffler but that it. :P
But I wanted to study in computer science so I registered in an english college thinking it will have more opportunities this way (which turned out to be true, woohoo).
However, the first day of college was a nightmare... I still remember this as clear as day. "Hi, my name is Randall Best, welcome to math for computer science". Then he turns around facing the board and starts writing on the board while explaining. I couldn't understand a freaking thing. I copied the board and wrote all the things I heard and tried to make sense of it at night with a dictionnary. It was a pure nightmare... lol. It took a few weeks of INTENSE work to get most of what the teachers were saying. (remember, I was still working full time also)
It made me realize that we can adapt to anything when we don't have a choice and must go through something. The nightmare eventually ended and one of my teacher found me my job without even asking for it because I ended with a 80% average. (98% in programming and like 70% in english litterature) Ok, I'll stop the story here because I could talk about this for hours, haha.
@Canadian Ben Yes, google talk is perfect to call but you cannot receive any call from it. I cancelled my home phone as soon as I got a cell so I need a way for people to reach me. I use google talk if I need to call in the US for free :)
No amount of money is enough for my parents :) Yes, 800K is a lot and I did not realize I had this much when I decided to continue with the insurance. However, 1.1million is even better ! But you guys are right, I think I'll get rid of it when I reach the whole million.
Sorry for all the life stories :)